Top-paying savings deals are pulled from the market

ING Direct has pulled its attractive internet and telephone-based account paying 2.56 per cent after tax (3.2 per cent) fixed for a year.

New savers now earn the same as those who have been in the account for a year - just 0.4 per cent (0.5 per cent). But ING plans to bring out another deal to tempt new savers soon. Savers who took this account should look to switch from September next year when the fixed-rate guarantee starts to run out.

Citibank is closing its Flexible Saver 6 from tomorrow. It pays a top 2.64 per cent (3.3 per cent) including a 12-month bonus. But savers in older issues of this account, Flexible Savings 1, 2 or 3 earn a much lower 0.8 per cent (1 per cent) and could do better by switching their money elsewhere.

citibank

Off the table: Citibank are withdrawing their Flexible Saver 6 as of Thursday


Savers who opened a Lloyds TSB branch-based Easy Saver account when it was launched on December 8 last year should get ready to move. It came with a bonus of 1.2 percentage points (1.5 points) payable for one year from opening the account.

It currently pays 1.28 per cent (1.6 per cent) including the bonus. But once your bonus runs out, the rate will drop to just 0.08 per cent (0.1 per cent), a poor rate for a High Street account.

Abbey, which changes its name to Santander at the start of next year, offers a much better deal. Its Instant Access 3, available in the branch or over the telephone, pays 2per cent (2.5 per cent) including a 1.2 point (1.5 point) bonus paid for the first year you are in the account.

sy.morris@dailymail.co.uk

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